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Quoting Mitiblotch
{quote} I love this chart. First inverted HS pattern produced a bounce (plus the falling wedge I shared earlier) now I see the formation of the second inverted HS with the right shoulder around 1.0680 from where we should head straight to 1.0800 and above. A break down of 1.0630 invalidates everything. I don't have a single trade on.
Usually after Bfly you see H&S!
Fibonacci will make you rich
Quoting pedro319
Touched 50% H1 as well, atm I can't see price breaking all these levels. 1.07 last resort for bulls in my view.
sharing the same view here. 50% done. Let see if bull holds. We will have to see what happened next week now too late for anything to happen today
Patience, Emotion Control and Discipline.
Quoting johncen
{quote} sharing the same view here. 50% done. Let see if bull holds. We will have to see what happened next week now too late for anything to happen today
Risking 25 pips, the reward is x5.
Fibonacci will make you rich
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Attached Image (click to enlarge)
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Based on H1, my nearest resistance is now at 1.0725 area...

I am calling it a day and week.. Wishing everyone a wonderful weekend...

Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-H1.png Size: 24 KB
Be a seer, not a looker!
Ata's Trend Hunter V2.0 All Time Return: 24.7%
Quoting pedro319
{quote} Risking 25 pips, the reward is x5.
true pretty good r/r here!

well done mate fod your fruitful week and contribution!

have a lovely weekend all!

we will regroup again next week
Patience, Emotion Control and Discipline.
Nice weekend
Quoting Mitiblotch
{quote} I love this chart. First inverted HS pattern produced a bounce (plus the falling wedge I shared earlier) now I see the formation of the second inverted HS with the right shoulder around 1.0680 from where we should head straight to 1.0800 and above. A break down of 1.0630 invalidates everything. I don't have a single trade on.
I didn't see any second inverted H&S formation based on what you said. It is more on H&S rather than inverted H&S with the right shoulder around 1.068/70
Attached Image (click to enlarge)
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Quoting CryptoMavs
{quote} I didn't see any second inverted H&S formation based on what you said. It is more on H&S rather than inverted H&S with the right shoulder around 1.069/70
067/068 next to 80 weeks is good signal for reversal, new signal formation or nothing at all. Let's wait till monday, now is a nice and lucky weekend. (Just a guess, don't take it too seriously)
just checking how the week ended ,a doji / breakout continues after pullback even, below 61.6% fibs , 78.6%tested and at some lows!limit 0697 looks at risk breaking by next market open and Mondayplay.in that case Monday range can be 0684 to 0761 and next to below 0661.without limit break by chance may try hard 0761 and up try,unlikely but market may confuse us !take care

checking usdx,ok a top failure to pull back towards 104.25, that is further up a little to correct most below 102.84 while limit 102.18
Attached Image(s) (click to enlarge)
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Not understand?never follow my analyses!
EU managed to break higher this week making 1.0635 a bottom and now it's targeting 1.0800/30. In the bearish case a break of this new low could extend to 1.0515 but there is 1.0600/10 that I will watch for a possible bounce first! In the news the most significant movements will happen at US ISM Services PMI, US Factory Orders MoM, US Trade Balance & US Initial Jobless Claims. I expect 86 pips range.

1 hour chart
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Have a great rest of the weekend
Feels right this time!
Quoting pedro319
{quote} Nearly there! {image}
love it!
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